LIC MF Equity Savings Fund Direct Growth

LIC MF Equity Savings Fund Direct Growth

Hybrid

Direct

Equity Savings

NAV as on 09-10-2024

₹ 29.24

0.9%

1D

Inception Returns

8.2%

/yr

About the Fund

LIC MF Equity Savings Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Marzban Irani. This fund gives you the benefit of diversification.

Key Parameters

  1. LIC MF Equity Savings Fund Direct Growth has ₹20 Cr worth of assets under management (AUM) as on Aug 2024 and is less than category average.
  2. The fund has an expense ratio 1.

Returns

LIC MF Equity Savings Fund Direct Growth has given a CAGR return of 8.18% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 14.51%, 8.50% and 10.51% respectively.

Holdings

LIC MF Equity Savings Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Basic Materials, Tech, Consumer Defensive, Consumer Cyclical, Health, Utilities, Corporate, Energy, Government, Real Estate.

Taxation

As it is a equity savings mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of LIC MF Equity Savings Fund Direct Growth

The investment objective of the Scheme is to generate regular income by investing in Debt and money market instruments and using arbitrage and other derivative strategies. The Scheme also intends to generate long capital appreciation through unhedged exposure to equity and equity related instruments. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. LIC MF Equity Savings Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
2 people have invested ₹ 11K in LIC MF Equity Savings Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.99%
Benchmark
NIFTY Equity Savings TR INR
AUM₹20 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹1000
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
2363.72%
STCGRedeeming before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Moderately High risk

Trailing Returns

as on (09-Oct-24)

Period
LIC MF Equity Savings Fund Direct Growth
Equity Savings Index
1M
-0.7%
0.4%
3M
0.8%
2.3%
6M
6%
6.8%
1Y
14.5%
15.8%
3Y
8.5%
9.1%
5Y
10.5%
10.8%

Fund Distribution

as on (31-Aug-24)

  • Equity 39.8%

  • Debt & Cash 60.2%

Large cap
55%

Small cap
8.4%

Mid cap
3.6%

Sector Allocation

Aug'24

Jul'24

Jun'24

Financial Services
21.5%
Industrial
18.7%
Basic Materials
17.6%
Tech
13.2%
Consumer Defensive
11.2%
Consumer Cyclical
7.1%
Health
4.7%
Energy
2.3%
Utilities
1.9%
Real Estate
1.6%
All changes are between Oct'69 and Dec'69
Parameters
Aug'24
Jul'24
Jun'24
AUM
₹ 19.4 Cr
₹ 19.4 Cr
₹ 17.7 Cr
  • AUM of the fund stands at 19.4 Cr as of Aug'24
  • AUM has remained same between Aug'24 and Jul'24

Top 3 Sectors in August were Financial Services, Industrial & Basic Materials

Aug'24
Financial Services
22%
Industrial
19%
Basic Materials
18%
Jul'24
Financial Services
23%
Industrial
19%
Basic Materials
18%
Fund
Aug'24
Jul'24
No of Holdings
72
71
Top 5 Company Concentration
18.9%
19.6%
Company having highest exposure
Tata Consultancy Services Ltd (4.7%)
Tata Consultancy Services Ltd (4.8%)
No of Sectors
12
12
Top 5 Sectors Concentration
82.3%
82.9%
Sector having highest exposure
Financial Services (21.5%)
Financial Services (22.6%)
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Marzban Irani
Marzban Irani
Fund Manager of LIC MF Equity Savings Fund Direct Growth, since 31 July 2023
Fund House
LIC Mutual Fund Asset Management Limited
Total Schemes
Total AUM
₹27.42K Cr
as on 31-Aug-2024
Address
LIC Mutual Fund Asset Management Limited,4th Floor, Industrial Assurance Building,,Opp. Churchgate Station,
Phone
+91022-66016000
Website
licmfamc@licmutual.com

Mutual Fund Insights

Insights icon
In the last 3 years, HSBC Equity Savings Direct Plan Growth Plan has given 13.77% return, outperforming this fund by 5.27% per annum.
Insights icon
In the last 5 years, Sundaram Equity Savings - Direct Plan - Growth Option has given 15.45% return, outperforming this fund by 4.94% per annum.
Insights icon
This fund has one of the lowest expense ratio in the category (equity savings). Its expense ratio is 0.99% which is lower than the category average expense ratio of 1.06%.
Insights icon
In the last 1 year, HSBC Equity Savings Direct Plan Growth Plan has given 25.65% return, outperforming this fund by 11.14%.
Insights icon
Over the last 6 months, this fund has experienced a 58.6% growth in AUM moving from 12.71 Cr to 20.16 Cr.

LIC MF Equity Savings Fund Direct Growth Highlights

Risk meter
pointer

Moderately High risk

Investors understand that their principal will be at Moderately High risk
About the fund

About the fund

This fund has delivered an average annual returns of 8.18% since inception which is less than its category average return of 8.59%
Fund Allocations

Fund Allocations

This fund has an allocation of 39.8% in Equity, 0.16% in Debt and 60.01% in Cash related instruments
AUM size ₹0 Cr

AUM size ₹0 Cr

This fund has AUM of ₹0 Cr which is less than its category average of ₹ 1566 Cr
Expense Ratio 0.99%

Expense Ratio 0.99%

This fund has an expense ratio of 0.99% which is less than its category average expense ratio of 1.14%

Frequently Asked Questions

The current NAV of LIC MF Equity Savings Fund Direct Growth is ₹29.24 as on 09-Oct-2024.
Existing (Absolute + CAGR) as on 09-Oct-2024.
LIC MF Equity Savings Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-0.69%
-0.69%
6 Month Returns
5.96%
5.96%
1 Year Returns
14.51%
14.51%
3 Years Returns
27.71%
8.5%
5 Years Returns
64.8%
10.51%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.99% as on September 2024
₹20 Cr as on September 2024
LIC MF Liquid Dir Gr(10%), Tata Consultancy Services Ltd(4.13%), Tata Steel Ltd(3.85%), Bank of Baroda(3.34%), Hindustan Unilever Ltd(3.27%) as on September 2024
Cash Equivalent(57.77%), Financial Services(8.64%), Industrial(7.45%) as on September 2024
AAA
100
Marzban Irani is the fund manager of LIC MF Equity Savings Fund Direct Growth
The Exit load of LIC MF Equity Savings Fund Direct Growth is 1%